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HomeMy WebLinkAboutRDA 03 MIDTERM REVIEW 12-01-97 RDA NO. 3 12-1-97 I n t e r- C o rn DATE: DECEMBER 1, 1997 TO: FROM: SUBJECT: WILLIAM A. HUSTON, EXECUTIVE DIRECTOR REDEVELOPMENT AGENCY STAFF MIDTERM REVIEW AND PUBLIC HEARING IN FIVE YEAR IMPLEMENTATION PLAN SUMMARY: Redevelopment Law requires a public hearing at least once during the five year term of the Agency's Implementation Plan to review the Ageney's progress in meeting its defined goals and objectives RECOMMENDATION It is recommended th_at the Agency: 1. Open Public Hearing and request a Implementation Plato 2. Receive public testimony. 3. Close hearing summary staff report from staff on the Agency's FISCAL IMPACT No fiscal i~nact. BACKGROUND On December 5, 1994 the Tustin Community Redevelopment Agency, in accordance with State law, adopted an lmr~lementation Plan for the Redevelopment plans for the Town Center and South Central Redevelopmer~t Project areas for fiscal years 1995-1996 through 1999-2000. The Implementation Plan was congx)sed of two parts, a five-year plan for Redevelopment activities and a five-year plan for housing activities. The Plan reviewed the goals objectives of each Project Area, the Agency's strategy to achieve these goals, anticipated projects and expenditures, and included a description of how goals, objectives and anticipated project expenditure would eliminate blight. The Plan also described the statutory requirements for the housing set-aside fund and anticipated expenditures of these funds. The intent of the Plan was not to restrict the Agency's activities since conditions, values, expectations, resources and needs may change over time. Rather, the Plan was intended to outline expectations of the Agency for the five year period (FY1995-96 through FY 1999-00). Redevelopment Law requires that the Agency conduct a md-term review of the Implementation Plato To comply with this requirement, staff has undertaken a review of the Implementation Plan and has provided would vary depending on the needs of individual projects. Anticipated assistance available included, but not be limited to land assembly for resale to developers, land preparation, off-site improvements, fee payments, design and engineering assistance, development loans (for those costs allowed by law), and development of parking. Status. The Agency has been actively pursuing development agreements to initiate redevelopment activity. One of these projects has been the redevelopment of the Gateway Center also known as E1 Camino Real Plaza. The Agency worked for over 1½ years on this project soliciting Requests for Qualification, Requests for Proposals and performed financial analysis on the proposals. However, the property owner and staff were unable to reach terms on a development agreement for the property. Another project has been the redevelopment of the Perfit Property located at 135 East Main Street. Due to the lack of response from the property owner to inquires made by the Agency, the Agency initiated proceedings in the court to acquire the property. Once acquired, the Agency will solicit proposals from the development community for the redevelopment of the square block parcel. Owner Assistance/Commercial Rehabilitation Program. Project Description. This program consisted of financial assistance in the form of loans and/or grants for seismic retrofitting, historic preservation, building and safety code compliance, building renovation and facade improvements. Status. Specific projects included the seismic retrofitting of two commercial properties in Old Town (Old Town Hardware 115 West Main Street; and Surfas Furriers, 355 E1 Camino Real), and a facade rehabilitation of the Thompson office building located at 101 West Main Street. Additional applications being processed for commercial rehabilitation projects include: · The Black Sheep Bistro, 303 E1 Camino Real · The McCharles House, 335 South C Street · Dr. Stanford Optometrist, 190 E1 Camino Real · Rick Rengle Architects, 333 E1 Camino Real · Scott Sino Construction Services, 155 East 2~ Street Business Assistance and Outreach Program. Project Description. This ongoing program is designed to support the retention of existing business and attraction of new businesses. Expenditures include but may not be limited to the following such items: brochures, marketing materials, and support for Economic Development Council activities. Status To date, significant progress has been made in this progran~ A City of Tustin marketing brochure has been completed. A newsletter detailing the accomplishment of the Redevelopment Agency has been completed and distributed to every business and residence in the City. The script 2 of the video to be used as a marketing tool has been completed and the video will be completed in 1998. Other projects that have been funded have included the services of a consultant to assist Old Town businesses initiate the Tustin Old Town Business Association and funding for a portion of the first year operation of this organization. Parks and Recreation Services Programs Columbus Tustin Park. Project Description. This program was to provide additional improvements that were necessary for the completion of the Columbus Tustin Park renovation. Status. The construction of the gymnasium and additional park improvemems were completed in Fiscal Year 1995-96. Peppertree Park Renovation Project. Project Description This project will provide for improvements to existing facilities at peppertree Park including construction of new restroom facilities. Status. During FY 1997-98 funds were budgeted for the design of improvemems and construction is scheduled to start in FY 1998-99. Parks and Recreation Services Facilities. Project Description The Agency proposed to conduct an improvement program for the City's Senior center in conjunction with the improvements to be done at Peppertree Park.. Status The scope of work for this project is being fmali7.ed and funding sources identified. Work is anticipated to start in FY 1998-99. Traffic, Utilities and Flood Control Facilitien Holt Avenue/SR 55 Storm Drain Project. Project Description. The Agency will fund improvemems to the storm drains between Holt Avenue and SR 55. Status. Given a number of technical difficulties, design began several fiscal years ago but halted due to the engineering firm involved going out of business. Design will be restarted in FY 1997- 98 with the actual construction pending completion of other higher priority projects. Street Improvement Program. Project Description. This project proposed to repair, upgrade and improve existing streets within the project areas as needed. Status. This project's category is ongoing. The Agency has completed a number of programs that have improved the traffic circulation system. These projects have included the Irvine Boulevard pavement striping in the project area. Projects currently underway are the rehabilitation of Newport Avenue, Main Street and Prospect Avenue. Utilities Improvement Program. Project Description The Agency will undertake the undergrounding of utilities in the City's historic Old Town area. Status. This project is ongoing, with work being done on listed priority basis in conjunction with the availability of undergrounding funds available for Southern California Edison. SOUTH CENTRAL PROJECT AREA The Implementation Plan estimated that there would be approximately $18.65 million spent on street improvements, economic development, recreational facilities, traffic control facilities, and flood control facilities in the South/Central Project Area through FY 1999-00. An estimated $4 million was anticipated to be available for affordable housing programs for the same period. A description of the specific programs and their status are as follows. Street Improvement Pro~ram State Route 55 Ramp Construction Project. Project Description The Agency adopted funding for a Project Study Report, an environmental study, right-of-way acquisition, engineering and construction for the redesign and construction of the ramps at the northbound SR 55 and Edinger Avenue . The ramps will provide for greater penetration and traffic circulation in the Pacific Center Specific Plan Area and assist in the redevelopment of the area. The total cost for the project is expected to be shared between the Agency and the owner/developers of Pacific Center East. Status. The AgencY has completed the Project Study Report and has submitted it to CALTRANS for their review and approval. A cooperative agreement with CALTRANS is also under negotiation. Approval for the actual design of this improvement is anticipated to commence the end of FY 1997-98. Newport Avenue North Extension Project. Project Description The Agency proposed to implement this project to address traffic and circulation improvements that are needed in the South/Central Project Area. The project will extend Newport Avenue south from it's existing terminus, under the railroad tracks and intersect with Edinger Avenue/Del Arno Avenue. Status. A large portion of the right-of-way has already been obtained for the future roadway through the Shea Homes Development-Agreement, and the Agency has obtained property along Edinger Avenue through the purchase and demolition of the Case Swayne warehouse building. Design of the underpass is-anticipated to be started in FY 1998-99 with construction to start sometime in FY 1999-00. This project will be done after the SR 55/Edinger Avenue ramp redesign project. Red Hill Avenue Grade Separation Project. Project Description This project will be a study to create a grade separation at Red Hill Avenue an the AT & SF railroad tracks. Status. Design of this project is scheduled to start in FY 1999-00 with construction scheduled to commence in FY 2003-04 depending upon the availability of funding. Housing Rehabilitation Street Improvement Program. Project Description Through a private/Agency effort, the Agency proposed providing street and alley improvements coordinated with housing rehabilitation programs. Status. Starting in FY 1995-96 the Agency has assisted property owners through the funding of the reconstruction of privately owned alleys in South Tustin. Over' $145,000 has been spent on the reconstruction of four severely deteriorated alleys between FY 1995-96 and July 1997. Valencia Avenue Improvement Project. Project Description The Agency proposed to fund the preliminary engineering and environmental assessment of the widening and associate pavement improvements on Valencia Avenue between Del Arno Avenue and Red Hill Avenue. Status. Design of this project is scheduled for FY 2000-01. Red Hill Avenue Improvement Project. Project Description This project will fund the preliminary engineering and environmental assessment of the widening and associated pavement improvements on Red Hill Avenue fi.om Valencia Avenue to Edinger Avenue. 5 Status Funds have been allocated in the CIP budget for preliminary design to commence in 2000- 2001. Mitchell Avenue Improvement Project. Project Description This rehabilitation program proposed to prepare engineering studies and design the pavement and right-of-way improvements needed on Mitchell Avenue between Newport Avenue and Red Hill Avenue. Status. This project was completed in FY 1996-97. Newport Avenue Rehabilitation Program. Project Description This program proposed to rehabilitate Newport Avenue from Sycamore Avenue to McFadden Avenue. Status. Tiffs project is underway and will be completed in early 1998. C Street Reconstruction. Project Description The Agency has funded a program to rebuild C Street north of Mitchell Avenue. Status. This project was complete in October 1997. Mitchell Avenue Widening Object. Project Description This project is to widen Mitchell Avenue from Newport Avenue to B Street. Status. The engineering for this project has been completed and work is scheduled for late 1997. El Camino Widening Project. Project Description The Agency proposed to fund the widening and pavement improvements associated with street reconstruction of E1 Camino Real Newport Avenue to Orange Avenue. The project will allow E1Carnino Real to become a full 4 lane arterial and improve the level of service. Status. Design, compliance with environmental requirements, and acquisition of right-of-way will was completed in FY 1996-97. Construction is proposed to be started in FY 2003-04. McFadden Avenue Rehabilitation Project. Project Description. The Agency proposed funding for the rehabilitation of McFadden Avenue from SR 55 to Newport Avenue. 6 StatUs. This project was completed in FY 1996-97. Economic Development Pro~ram Developer/Property Owner Assistance Program. Project Description This program proposes to support development and revitalization within the South/Central Project Area. It was envisioned that the type of assistance provided would vary depending on the needs of each individual project. The type of assistance available was to include, but may not be limited to: land assembly for sale to private developers, land preparation, rehabilitation costs, off-site improvements, fee payments, design and engineering assistance, development loans, and development of parking. Status. Specific projects completed to date have been: Agency assistance for the development of the Micro Center Electronic Store, the acquisition and demolition of the Case Swayne warehouse for development by a developer, and Agency assistance for the development of the Rally's site. An additional project initiated has been the retention of a consultant to perform a planning study of the area in the project bordered by McFadden Avenue o the north, Newport Avenue on the east and SR 55 on the west. The firm of California Housing Partners LLC was retained to perform marketing, and planning studies for this area. Work was initially anticipated to be complete by July 1997. However, it has taken the contractor longer than expected to produce the studies in a format useable to City staff. Therefore, the planning study will not be completed until April 1998. Business Assistance and Outreach Program. Project Description This program is designed to support the retention of existing business and the ongoing program of attraction of new businesses. Expenditures include but would not be limited to such items as brochures, marketing materials, and support for Economic Development Council activities. StatUs. The preparation of a City of Tustin marketing brochure, a Redevelopment Agency Newsletter, and the City marketing video have been completed. Support continues for Tustin's Economic Development Council. Recreational Facilities Program Project Description. This program was designed to provide recreational facilities for elementary and middle school age children, young adults and/or families. StatUs. Significant improvement in the delivery of recreational facilities and educational opportunities have been accomplished through the construction of the Tustin Family and Youth Center. Completed in FY 1996-97, the Family and Youth Center provides Head Start programs, 7 computer training, drop-in facility for after school youth and parenting classes. The Agency acquired the site and funded construction of the Family and Youth Center. Traffic Control Facilities Program General Lighting Improvement Program. Project Description This program would provide lighting improvements in portions of the Project Areas. This program is intended to upgrade the existing lighting and provide for added security in the area. Status. This project is ongoing as needed. Alley Improvement Program. Project Description Pavement improvements were proposed for the following alleys: south of Walnut between Newport Avenue and Orange Avenue; south of San Juan Street between Newport Avenue and Orange Avenue; and south 'of Bonita Avenue between Newport and Orange Avenues. Status. This project has been completed. Traffic Signalization Project. Project Description The Agency proposed installation of a traffic signal at the comer of McFadden Street and Walnut Avenue. Status. This project was completed in FY 1996-97. Flood Control Facilities Program Sycamore Avenue Storm Drain Improvement Project. Project' DescriptiOn The Agency proposed drainage improvements to the storm drain along Sycamore Avenue. Specific tasks include improvements, to existing storm drain pipes to alleviate street flooding during periods of heavy rain and the abandonment of open ditches to be replaced with storm drain pipe. Status. Final design was completed in early 1997 and a contract for this work was awarded in November 1997. Work should be complete in early 1998. ADDITIONAL DESCRIPTION ON THE STATUS OF PROJECTS AND PROGRAMS Update of Available Funds The following table summarizes the amount of'funds that the Redevelopment Agency has received from the tax increment available from its two project areas (including 20% set aside). The amount of revenue was somewhat lower than anticipated when the Implementation Plan was prepared in 1994. This reduction has been a result of tax assessment appeals filed in the project areas and the general downturn in the economy that had a negative effect on property values. Tax Increment Received (including Set Aside) Project Area FY 1993-94 FY 1994,95 FY 1995-96 FY 1996-97 Projected Town Center South Central $1,953,510 $1,851,749 $1,573,439 $1,709,625 $1,721,261 $1,714,790 $1,411,793 $1,403,077 Projects Completed Major development projects completed in the Project Areas have reduced bright, and provided for the revitalization of the Project Areas. Attached to this report is a detailed summary (.Attachment B) of the major development projects that have been completed in each of the project areas. The table below summarizes the high level of activity that the Tustin Community Redevelopment Agency has been responsible for in the Project Areas since its creation. As is evident, the development activity in the Redevelopment Project Areas has had a significant, positive impact upon the community. Summary of Major Projects Building Jobs Valuation Created Estimated Annual Sales Tax/Revenue Town Center Project Area South Central Project Area $37,008,629 2864 $712,900 $49,247,997 1707 $749,932 HOUSING ACTIVITIES The Housing Section of the Implementation Plan complements the redevelopment component of the Implementation Plan. 'The Housing Section uses the City's Comprehensive Affordable Housing Strategy to formulate strategies by which Tustin can meet its housing responsibilities. The following sections will detail the efforts Tustin has expended in the different programs to meet the goals for affordable housing as set forth in the Implementation Plan. Tax Increment Set-Aside Redevelopment Agencies are required to set aside not less than 20 percent of the tax increment revenue generated by their redevelopment projects into special Low and Moderate Income Housing Funds. These funds are to be used for increasing, improving, and preserving the supply of low and moderate income housing in their communities. In addition, this program may be utilized for the implementation of a replacement program that would be triggered if any of the eXisting housing stock were removed by proposed development. The goals of the Housing Program are to increase the quantity and improve the quality of housing stock in the City of Tustin and provide new and rehabilitated affordable housing opportunities. Twenty percent (20%) of the tax increment generated from the project areas is designated for the maintenance of affordable housing. Basically, the City is required over a period of time to spend this money for the benefit of the low to moderate (LMI) income level citizen and to provide affordable housing for this classification. The table below summarizes Tustin's annual set aside from the tax increment received in eachProject Area for the benefit of the LMI. 20% Set Aside Received By Project Area Project Area FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 Projected Town Center $488,674 $467,506 $402,400 $446,890 South Central $430,315 $429,747 $356,538 $357,417 Housing Rehabilitation. Program Tustin has initiated different programs to utilize its tax increment as well as other funding sources to assist the LM/and provide affordable housing. In the South Central Project Area, the City has had a Housing Rehabilitation Program to maintain affordable housing. Grants and loans are given to property owners to rehabilitate their property thereby stopping the cycle of property decline and maintain affordable housing units. The following table summarizes expenditures in the Housing Rehabilitation Program. Housing Rehabilitation Program Activity Project Area FY 1992-93 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 South Central $37,732 $129,362 $137,006 $354,619 $328,319 # of projects 45 59 76 98 108 10 Mortgage Credit Certificate Program The Mortgage Credit Certificate Program (MCC) provides first time homebuyers with the ability to claim an additional tax credit for a portion of the interest they pay on their mortgage loan. Starting in FY 1994-95, Tustin has assisted 47 first time bomebuyers purchase their first home. The Implementation Plan estimated that a total of 666 units would be assisted through this program during the duration of the Plan. Due to a reduction in the funding of this program by the State of California, Tustin has had to reduce its activity level. Tustin has expended or obligated 100% of the MCC funds it receives annually. Development of Affordable Housing The Implementation Plan identifies specific goals for the production of affordable housing City- wide and identified specific components of those goals that are to be accomplished through the use of the resources available to the Agency. The following table indicates the number of units that were estimated in the Implementation Plan to be produced from the Agency's activities. The table shows anticipated activity levels and actual accomplishments. South Central Mortgage Credit Certificate 333 First Time homebuyer Preservation of Existing 160 Affordable Units Owner Occupied 160 Rehabilitation Rental Rehabilitation 106 Owner New Construction Town Center Projected Total, through year 2000 333 666 75 75 160 160 106 120 0 Actual, through 1997 47 0 currently being processed Agency 40 by 346 145 (Shea Homes) Potential' Proiects and Programs in Remaining Year of the Implementation Plan The Tustin Community Redevelopment Agency continues to be actively involved in the Redevelopment Project Areas, seeking to accomplish the goals that were set forth in the Redevelopment Plans and quantified by the Implementation Plan. The focus in the Town Center Project Area continues to be on the economic revitalization of Old Town, creation of home ownership in the project area, the redevelopment of existing commercial uses and solicitation to the development community for new development projects. Improvements will continue to be made to the infrastructure which is anticipated to provide the framework for economic growth. 11 In the South Central Project Area, planning studies are underway that will inform the Agency as to the most prudent course for redevelopment in the Project Area. It is anticipated that the Agency will be able to bring to this area other products that are as successful as the Shea Homes Tustin's Groves project. . Major improvements to the traffic circulation and infrastructure systems will continue to be pursued through the SR 55 Edinger Avenue interchange and Newport Avenue Extension projects. These two projects will form the basis for increased economic revitalization of the Pacific Center Specific Plan Area and the entire South Central Redevelopment Project Area. 12 Attachment A IMPLEMENTATION PLAN (Prepared pursuant to Article 16.5 of the California Community Redevelopment Law for fiscal years 1995-95 through 1999-2000) for the Redevelopment Plans for the Town Center and the South/Central Redevelopment Projects Tustin Community Redevelopment Agency Tustin, California Adopted December 5, 1994 Resolution No. RDA-94-16 623~.~us 010495/dsw TABLE OF CONTENTS Section I. i!!. Paoe INTRODUCTION ................................................................................................................................. 1 BACKGROUND ................................................................................................................................... 2 A. Town Center ................................................................................................................................. 2 1. Location ................................................................................................................................. 2 2. Redevelopment Plan History ............................................................................................... 2 3. Redevelopment Plan Goals and Objectives ....................................................................... 2 4. Accomplishments ................................................................................................................. 3 5. Existing Obligations ............................................................................................................. 3 B. South/Central ............................................................................................................................... 3 1. Location ................................................................................................................................. 3 2. Redevelopment Plan History ............................................................................................... 3 3. Redevelopment Plan Goals and Objectives ....................................................................... 3 4. Accomplishments ............................................ , .................................................................... 4 5. Existing Obligations ............................................................................................................. 4 FIVE YEAR IMPLEMENTATION PLAN FOR REDEVELOPMENT ACTIVITIES ............................... 5 A. Town Center ................................. , ............................................................................................... 5 1, Focus ..................................................................................................................................... 5 2, Blight Definition .................................................................................................................... 5 3. Implementation Plan Goals and Objectives ....................................................................... 5 a. Listing/Definition ............................................................................................................ 5 b, Relationship to Blight .................................................................... ; ............................... 5 4. Five-Year Projects and Programs .............................. ; ........................................................ 6 a, Listing/Definition ............................................................................................................ 6 b, Relationship to Blight ................................................................ ; ................................... 7 5, Blight Relationship Table ................................................................' ..................................... 8 B, South/Central ............................................................................................................................... 8 1, Focus ..................................................................................................................................... 8 2, Blight Definition .................................................................................................................... 8 3, Implementation Plan Goals and Objectives ....................................................................... 8 a, Listing/Definition ............................................................................................................ 8 b, Relationship to Blight .................................................................................................... 9 4, Five-Year Projects and Programs ....................................................................................... 9 ~36.tus 112994/sc Section IV. Paqe a. Listing/Definition ............................................................................................................ 9 b. Relationship to Blight .................................................................................................. 11 5. Blight Relationship Table.~ ................................................................................................. 12 FIVE YEAR IMPLEMENTATION PLAN FOR HOUSING ACTIVITIES ............................................. 13 A. Requirements ............................................................................................................................ 13 B. Set-Aside of Tax Increment ...................................................................................................... 13 1. Requirements for South/Central Redevelopment Plan ............................ i ...................... 13 2. Requirements for Town Center Redevelopment Plan ..................................................... 13 3. Net Housing Set-Aside Available: Town Center and South/Central ............................. 14 4. The Housing Program and Housing Fund Expenditures ................................................ 14 5. Proportional Expenditure for Low and Very Low Income Housing [Section 33334.4] ................................................................................................................. 17 C. Residential Units to be Developed in Projects ....................................................................... 17 1. Total Units to be Developed .............................................................................................. 18 2; Required Production of Low-Mod Units ......................................................................... ,18 3. Past Production of Low-Mod Units Developed in Projects ............................................ 20 4. Agency-developed Units & Low-Mod Units to be Developed ........................................ 20 D. Replacement HoUsing Requirement ................. , ..................................................................... 20 Figure 1 Figure 2 Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7a Table 7b Table 8a Table 8b FIGURES AND TABLES Town Center Redevelopment Project Area South Central Redevelopment Project Area Summary of Major Projects: Town Center Redevelopment Project, 1976-1994 Summary of Completed Public Improvements: Town Center Redevelopment Project, 1976-1994 Summary of Major Projects: South/Central Redevelopment Project, 1985-1994 Summary of Completed Public Improvements: South/Central Redevelopment Project, 1985-1994 Goals and Objectives and Program Link to Elimination of Blighting Conditions: Town Center Redevelopment Project Goals and Objectives and Program Link to Elimination of Blighting Conditions: South/Central Redevelopment Project Illustrative Project Cash Flow - Housing Program (South/Central). lllustrative Project Cash Flow- Housing Program (Town Center) Estimate of Agency Assisted Housing Units (South/Central) Estimate of Agency Assisted Housing Units (Town Center) APPENDICES · Appendix A - Location of Required Redevelopment Elements of the Implementation Plan Appendix B - Redevelopment Low- and Moderate-Income Housing Requirements Appendix C - Location of Required Housing Elements of the Implementation Plan IMPLEMENTATION PLAN for the REDEVELOPMENT PLANS for the TOWN CENTER AND THE SOUTH/CENTRAL REDEVELOPMENT PROJECTS !. INTRODUCTION This document has been prepared pursuant to Article 16.5 of the California Community Redevelopment Law ("CRL" or "State law"), it is the first five-year Implementation Plan ("Plan") for the Redevelopment Plans ("Redevelopment Plan(s)") for the Town Center and the South/Central Redevelopment Projects ("Project(s)" or "Project Area(s)"). This Implementation Plan is composed of two major components, a Five-Year Implementatioh Plan for Redevelopment Activities and a Five-Year Implementation Plan for Housing Activities. The Five-Year Implementation Plan for Redevelopment Activities: · revisits the goals and objectives of each Redevelopment Plan; · defines the Tustin Community Redevelopment Agency's strategy to achieve the goals and objectives of each Redevelopment Plan; · : presents the programs, projects and expenditures (other than those relating to low and moderate income housing) that are proposed to attain the goals and objectives; and · describes how the goals and objectives, programs and expenditures will eliminate blight within each of the Project Areas. The Five-Year Implementation Plan for Housing Activities: · shows how the statutory requirements for the set-aside and expenditure of tax increment for housing purposes will be met; and · shows how residential development will be implemented in the Project Areas per the Agency's established goals and in compliance with requirements of the CRL. The intent of this Implementation Plan is not to restrict Agency activities to the goals and objectives, projects, programs, and expenditures, since conditions, values, expectations, resources, and the needs of the Projects may change from time to time. Rather, this Plan outlines the current expectations of the Agency for the next five years. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects Implementation Plan (fiscal years 1995-96 through 1999-2000) II. BACKGROUND A. Town Center' 1. Location The Town Center Redevelopment Project Area is located in central Tustin and incorporates the historic "old town" and civic center and a majority of the commercial properties within the central portion of the City. The Project Area is approximately 360 acres in size and is comprised of primarily commercial uses (approximately 90 percent of the Project Area land use). The commercial uses in the Project Area are primarily retail and service-oriented uses. Very few residential uses exist in the Project Area. The boundaries of the Project Area are shown in Figure 1. The Town Center Project Area contains many of the city's retail and office jobs, and is the center of goods and services which serve the greater Tustin area. 2. Redevelopment Plan History · The Redevelopment Plan for the Town Center Redevelopment Project was adopted by the City Council of the City of Tustin on November 22, 1976. The Town Center Redevelopment Plan has been amended twice. The first amendment was adopted on September 8, 1981 for the purpose of increasing the financial limitations of the Redevelopment Plan which were determined to be inadequate. The second amendment was adopted on March 20, 1989 to revise and update the list of public improvements to include additional and previously unforeseen public improvements needed to further the goals and objectives of the Redevelopment Plan. The second amendment also extended the time limit on eminent domain authority and further increased the financial limitations. 3. Redevelopment Plan Goals and Objectives The Redevelopment Plan for the Town Center Redevelopment Project lists the following six "goals and objectives" to guide redevelopment decisions over the life of the Redevelopment Plan. 1) To create a mixed use town center area that combines'commercial, office, residential, and public uses which Will serve the needs of the community as well as encourage the healthy growth of the town center area; 2) 3) To improve traffic circulation and access in the town center area as a means of reducing congestion, encouraging business development, attracting new customers to the area, alleviating pass-through traffic congestion and conflict, and improving safety; To revitalize and develop amenities in the Project area, both publicly and privately financed, as a means of aiding the revitalization of the El Camino Real section in particular;, 4) To increase the level of capital improvements such as the development of Columbus- Tustin Park, parking facilities, sidewalk and street landscaping, street improvements and related public improvement projects; 5) To improve controlled development of the area to aid in the harmonious and efficient development of the redevelopment area; and 6) To encourage residential development by actively seeking private development in the redevelopment area. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects Implementation Plan (fiscal years 1995-96 through 1999-2000) F I GU~E ! TOWN CENTER REDEVELOPMENT PROJECT A_REA 4. Accomplishments In the past 18 years since the Project was adopted, the Agency has provided private development assistance planned for and completed vital public improvements and facilities as set forth in the Redevelopment Plan. Tables 1 and 2 show the accomplishments in the Town Center Project Area. 5. Existing Obligations The existing obligations of the Town Center Project Area include: Bond Debt Service. In 1987 the Agency sold tax allocation bonds in the amount of $13,100,000 in order to refund a portion of the Agency's prior bond iSsue and make funds available for redevelopment activities within the Town Center Projec! Area. in 1991 the Agency sold Subordinate Tax Allocation Bonds, Series 1991. The proceeds of these Bonds were to be used by the Agency to fund additional redevelopment activities in the Town Center Project Area. Educational Revenue Augmentation Fund. SB 1135 (Chapter 68, Statues of 1993) requires all redevelopment agencies to submit a percentage of tax increment received into a County wide Education Fund. By State law, payment into this fund for schools must be made before any other expenses are incurred, with the exception of debt service, in 1993- 94, $133,326 was transferred to this Fund and in 1994-95, $133,326 was transferred. Set-Aside for Low and Moderate Income Housing Purposes. The CRL requires that all agencies set aside 20 percent of their tax increment revenues to facilitate the development of housing for persons with Iow and moderate incomes. Particulars' regarding the estimated amount and planned usage of the set-aside funds are discussed in Part IV of this Implementation Plan. B. South/Central. 1. Location The South/Central Redevelopment Project is located adjacent to the Town Center Redevelopment Project Area on the south and is comprised of two non-contiguous areas: the "South area" and the "Central area" as shown in Figure 2. The Project Area is approximately 398 acres in size and 'contains residential uses, neighborhood-serving commercial uses, industrial/business park uses and vacant property. 2. Redevelopment Plan History The Redevelopment Plan for the South/Central Redevelopment Project was adopted on August 1, 1983 in'response to the need for basic public improvements, concern for the deteriorating condition of the residential neighborhoods, and the circulation deficiencies in the Project Area. On August 5, 1985, the City Council amended the Redevelopment Plan to add the adjacent industrial area on the south of the AT & SF railroad right-of-way to Valencia Avenue. This added area ("Amendment Area") was included because development of the property could not occur until proposed public improvements for the South/Central Redevelopment Project Area, particularly the Newport Avenue extension and a new on/off ramp at Edinger and the State Route 55 were funded and completed. 3. Redevelopment Plan Goals and Objectives The goals and objectives for the South/Central Redevelopment Project provided by the Redevelopment Plan as amended include the following: Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects Implementation Plan (fiscal years 1995-96 through 1999-2000) F i GLr~E P~' SOUTH CENTRAL REDEVELOPMENT PROJECT AREA O- I I I Page 1 of 3 FIGURE 2 SOUTH CENTRAL REDEVELOPMENT PROJECT AREA Page 2 of 3 FIGURE 2 SOUTH CENTRAL REDEVELOPMENT PROJECT AREA 'K~ST Pa~e 3 of 3 Table 1 Tustin Community Redevelopment Agency Town Center Redevelopment Project SUMMARY OF MAJOR PROJECTS: TOWN CENTER REDEVELOPMENT PROJECT. 1976-1994 Page I PROJECT PROJECT ADDRESS UNITS SQ. ~---I'. BUILDING (APPROX.) VALUATION AGENCY (PUBLIC ASSISTANCE) RATIO OF PRIVATE TO PUBLIC INVESTMENT ESTIMATED ESTIMATED ANNUAL SALES JOBS CREATED TAX REVENUE5 Tustin Plaza 13681-B91 Newport .439,000 Commercial 86,500 4,859,002 Office 46,500 2,965,383 Restaurant 5,000 324,175 Plaza La Fayette 13011-051 Irvine 1,816,000 Commercial 44,000 2,459,928 Restaurant 6,807 610,241 Lam, in Square Retail Addition 494 E. First 5,000 80,000 0 Office 225 Centennial 15,000 341,700 0 Burger King 13421 Newport 3,030 130,000 0 Steven's Square Office 210-50 Main 6,038 1,900,400 50,000 Parking Structure 445 "C" 246 Spaces 880,000 600,000 Tustin Village Center Commercial 1081-91 Main 25,546 608,000 0 Restaurant 13612 Newport 3,994 109,400 0 Courtyard Mervyn's 18182 Irvine 72,000 1,680,000 0 Sav-On 671 E. First 25,000 600,000 · 0 Commercial Holt/First 30,000 694,500 0 Ralph's 1096 Irvine 36,400 937,000 0 MarshaJls 630 El Camino Real 31,141 285,000 0 Home Soups 18356 Irvine Blvd. 12,200 641,000 0 Tustin Auto Wash 240 E. First St. 4,866 325,240 0 Pdme Construction 150 El Camino Real 43,056 1,300,000 0 Spirit Development 145 Main 5,035 205,000 0 O'Connor 160-190 Prospect 15,000 600,000 0 La Mancha 450 E. First 5,000 126,995 0 Klages 181-85 El Camino 3,421 172,000 0 Real 18.5/1 1 .W1 1/0 1/0 1/0 36/1 1.46/1 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 17 1/0 1/0 1/0 t/0 1/0 244 186 2O 125 20 14 6O 9 24 73 12 2O6 72 86 104 89 41 17 123 20 60 14 14 103,920 61 ,OD0' 26,000' 14,500 221,000 130,000 93,000 0 0 0 1,500 0 0 2,300 Portions of the project not yet reporting sales tax or construction is not completed. 6235.tus 1794/sc Table 1 · (Cont'd) Page2' PROJECT PROJECT ADDRESS UNITS SQ. FT. (APpROx.) BUILDING VALUATION AGENCY (PUBLIC ASSISTANCE) RATIO OF PRIVATE TO PUBLIC INVESTMENT ESTIMATED JOBS CREATED ESTIMATED ANNUAL SALES TAX REVENUES Office Office Restau,'~nt remodels China Palace Faraday's Don Jose's Packer's Square 13 Tow~houses 5 Apar'~ents Commercial Cemic,he Office - Tusfin Minor Lodge Retail Shops Office Retail/Office Bumett,'Ehline Office Office Lewis Properties Commercial Cradd:x:~k Commercial/Office Office Clock Towers Wellin¢on Plaza Hummel BuildinB 185-95 El Camino Real 175 "C" 13444 Newport 13102 Newport 14882 Holt 13112-32 Newport 1042 Walnut 545 S. "B" 600 El Camino Real 730 El Camino Real 750 El Camino Real 220 El Camino Real 250 El Camino Real 100 W. First Street 18231 Irvine 18302 Irvine 14/'772 Plaza 18331 Irvine 18301 Irvine 14251-71 Plaza 161 'Fashion Lane 14742 Plaza 505-15 First Street 13732 Newport Ave. 9,000 8,400 7,000 5,400 7,000 23,662 16,250 3,84O 4,000 15,540 4,00O 4,720 23,376 5,928 18,600 47,244 10,500 6,000 6,605 32,879 53,000 11,000 26,800 4,286 425,000 341,360 150,000 198,180 200,000 1,305,300 687,075 188,600 120,000 1,249,000 281,350 160,000 393,820 107,890 558,000 1,750,000 493,000 145,000 275,000 768,500 314,100 489,810 865,190 131,150 110 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 1/0 36 2O 15 2O 94 12 6O 14 94 2O 75 189 42 17 26 109 212 76 17 31,20O 14,000 16,000 0 3,780 8O 14,420 0 12,010 o 1,230 22,650 Table 2 Tustin Community Redevelopment Agency Town Center Redevelopment Project SUMMARY OF COMPLETED PUBLIC IMPROVEMENTS: TOWN CENTER REDEVELOPMENT PROJECT, 1976-1994 STREET AND LANDSCAPING IMPROVEMENTS lrvine Blvd. Bryan Ave. and Main St. Triangle Jamboree/I-5 Interchange Newport Ave. at Sixth Street Alley Reconstruction: El Camino Real; Street widening: Newport Ave. (Bonita to Andrews) Alley Reconstruction: South of Bonita (Between Newport and Orange Newport Ave. Extension First St. from "B" St. to Newport Ave. Newport Ave./EI Camino Real El Camino Real (OId Town) Street Widening: 17th St. (Yorba to Enderte Center Drive Street Extension: Sixth St. "C" Street Between Main Street and Third Street STORM DRAINAGE IMPROVEMENTS Main St. (El Camino Real to "B" St.) ' Sixth St. (El Camino Real to "B" St.) El Camino Real (First St. to El Camino Real) Main St. (Centennial Way to Prospect Ave.) Irvine Blvd. (Holt Ave. to Columbus Tustin School) Tustin Meadows Relief Storm Drain SANITARY SEWER AND WATER SYSTEM IMPROVEMENTS Sanitary Sewer--Second St. at "C" St. Town Center Water Well Water Line--E! Camino Real Water Pressure Improvements -Newport at Sixth St. Water Well--Beneta Way at Prospect Ave. UTILITY UNDERGROUNDING EI,Camino Real Larwin Square lrvine Blvd. at Yorba St. First St. at Prospect Ave. SIGNALIZATION AND PARKING IMPROVEMENTS Signalization Improvements: First St. at E! Camino Real Newport Ave. at Bryan Ave. Prospect Ave. at First St. Main St. at "B" St. lrvine Blvd. at Old irvine Blvd. First St. at Centennial Way Main St. at El Camino Real Main St. at Pacific St. E! Camino Real at Sixth St. Parking Improvements: "C' Street Parking Structure Steven's Square City Hall Parking Lot Lights PUBLIC FACILITIES Civic Center Expansion "C" Street Plaza Columbus Tustin Gymansium 6235.tus 111794/sc 1) To redevelop and place abandoned industrial sites back into productive usel thereby creating employment opportunities and increased values. 2) To provide for development of land areas that cannot be developed due to the inadequacy of public improvements related to traffic circulation and storm.drainage which can be developed as a result of governmental assistance by the Agency. 3) To acquire funds for housing assistance to Iow income families. 4) 5) To provide increased traffic capacity for Redhill Avenue and Edinger Street and by providing an alternative north/south arterial. To extend Newport 'Avenue to relieve congestion at freeway interchanges and reduce the traffic demand on Redhill Avenue. 6) To provide better emergency services to the Project Area with the construCtion of a grade separation for Newport Avenue and the AT and SF Railroad. 7) To eliminate blight, due to the disuse of the land within the Project Area caused by inadequate public improvements, and the construction of major traffic circulation improvements, and the construction of major traffic circulation that could not reasonably be expected to be made by private enterprise acting alone. 4. Accomplishments In the past 11 years since the Project was adopted and subsequently amended, the Agency's efforts have been primarily centered on planning for redevelopment and addressing the immediate needs for basic public infrastructure. Agency accomplishments to date include street and landscaping improvements for the Resco Development at Edinger and Red Hill Avenues and completed signalization .and parking improvements on Edinger Avenue at Del Amo Avenue. Tables 3 and 4 shows the accomplishments in the South/Central Project Area. 5. Existing Obligations The existing obligations of the South/Central Project Area include: Educational Revenue Augmentation Fund. SB 1135 (Chapter 68, Statues of 1993) requires all redevelopment agencies to submit a percentage of tax increment received into a County wide Education Fund. By State law, payment into this Fund for schools must be made before any other expenses are incurred, with the exception of debt service, in 1993- 94, $117,353 was transferred to this Fund and in 1994-95, $117,353 was transferred. · Set-Aside for Low and Moderate Income Housing Purposes. The CRL requires that all agencies set aside 20 percent of their tax increment revenues to facilitate the development of housing for persons with low and moderate incomes. Particulars regarding the estimated amount and planned usage of the set-aside funds are discussed in Part IV of this Implementation Plan. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects. Implementation Plan (fiscal years 1995-96 through 1999-2000) Table 3 Tustin Community Redevelopment Agency South/Central Redevelopment Project SUMMARY OF MAJOR PROJECTS: SOUTH/CENTRAL REDEVELOPMENT PROJECT. 1985-1994 RA'I:IO OF PRIVATE ESTIMATED UNITS SQ. rT. BUILDING PROJECT PROJECT ADDRESS (APPROX.) VALUATION AGENCY (PUBLIC TO PUBLIC ASSISTANCE) INVESTMENT ESTIMATED ANNUAL SALES JOBS CREATED TAX REVENUES Primrose 13882 Newport 8,000 193,000 · La Mancha 13842 Newport 9,750 275,000 Colco 13812 Newport 9,600 456,000 Tustin Royale 1262 Bryan .58,000 2,754,000 Tusfin Villa.qe 275 Sixth 14,000 232,000 Pasadena Apts. 15642 Pasadena 14,000 945,708 Lincoln Property 14901 Newport 144,000 5,699,000 6 Condos 15582-92 "B" 6,600 67,000 Sand Dollar Apts. 24 Units 15712-22 "B" 24,000 915,000 Norden 15222 Del Arno 61,190 2,710,000 Scantron 1361 Valencia 75,900 1,760,000 Resco 1421-81 Edin.qer R&D 62,100 1,722,000 Restaurant 5,470 391,000 Pacific Bell 1252-1472 Edin.qer 224,500 10,572,000 Solmar 1302 industrial 12,000 828,000 Tustin Freeway Center Retail 14051-61 Newport 31,947 1,309,632 Cads Jr. 14041 Newport 3,156 235,009 Music Plus Plaza Newport Main 18,200 1,21 6,500 Micro Center 1100 Edin.qer 45,600 3,000,000' Orange Counte Federal Credit Union 15442 Del Arno 90,000 5,400,000 0 1/0 0 1/0 0 1/0 0 1/0 0 1/0 0 1/0 0 1/0 0 1/0 0 1/0 · 0 1/0 0 1/0 250,000 8.4/1 0 1/0 0 1/0 27 2,600 33 2,600 27 2,600 0' 0 0 0 0 0 0 0 0 0 0 0 204 0 253 0 24,000 2O7 16 748 4O 0 1/0 I O6 0 1/0 11 · 0 1/0 61 636,000 4.7/1 125 6,4OO 11,000 18,500 600,000 0 1/0 200 0 Portions of the project not yet reporting sales tax or construction is not completed. 6235.tus 794/sc Table 4 Tustin Community Redevelopment Agency South/Central Redevelopment Project SUMMARY OF COMPLETED PUBLIC IMPROVEMENTS- SOUTH/CENTRAL REDEVELOPMENT: PROJECT. 1985-1994 Resco Development (Street and Landscaping Improvements, Northwest Corner of Red Hill Avenue and Edinger Avenue Edinger Avenue at Del Arno Avenue (Signalization and Parking Improvements) Newport Avenue Extension (Engineering and Land Acquisition) Edinger Ramps to Northbound SR55 (Engineering) 6235.tus 111794/sc FIVE YEAR IMPLEMENTATION PLAN FOR REDEVELOPMENT ACTIVITIES I!1. FIVE YEAR IMPLEMENTATION PLAN FOR REDEVELOPMENT ACTIVITIES A. Town center 1. Focus The Agency's focus during the next 5 years with respect to the Town Center Redevelopment Project is to concentrate on business development program which includes land assembly for resale to private developers, site improvements, loans and grants for new development as well as for rehabilitation, and programmatic efforts aimed at business attraction and retention. The Agency also wishes to implemen't remaining public improvement projects as financial resources become available. 2. Blight Definition The Community Redevelopment Law provides the legal definition of blight. The definition of blight as contained in the CRL at the time the Redevelopment Plan for the Town Center Redevelopment Project was adopted spoke to the health and safety conditions of buildings and the factors that characterized economic dislocation, deterioration, or disuse. Briefly, a blighted area is one that contains specific conditions and factors resulting in the lack of proper utilization of the area that constituted a serious burden on the community and that could not be expected to be alleviated by private enterprise acting alone. The specific blighting conditions and factors are discussed below. 3. Implementation Plan Goals and Objectives a. Listing/Definition For the Town Center Redevelopment Project Area, the Goals and Objectives ("Goals and Objectives") of the Implementation Plan are to: · Provide business assistance for rehabilitation, expansion, and retention to existing and new businesses in the Town Center Redevelopment Project Area. Rehabilitate substandard and deteriorating structures to improve building conditions, increase functionality and desirability, and to integrate design characteristics with the aim of creating a cohesive commercial district. Upgrade substandard public infrastructure systems and public facilities, and provide for the installation and construction of new public improvements to meet the needs of the Project Area.. · Provide direct assistance for the development of new commercial uses. b. Relationship to Blight The above Goals and Objectives represent the Agency's near term direction to continue the elimination of by providing assistance to strengthen .the business environment of the Town Center Project Area. Specifically, these Goals and Objectives will help to revitalize the building stock by improving deteriorated building conditions and correcting deficiencies among aged buildings. Goals and 'Objectives to upgrade and install public improvements and facilities, and to provide assistance to existing businesses, new businesses, and new development will help to foster new economic growth and correct conditions of depreciated values, impaired investments and economic maladjustment, while facilitating the construction of necessary public infrastructure Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects Implementation Plan (fiscal years 1995-96 through 1999-2000) 4. Five-Year Projects and Programs The CRL requires a five-year implementation plan regardless of economic conditions during the five-year period. It should, therefore be understood that the funding of the following projects are greatly influenced by economic conditions and the ability of the private sector to respond to Agency initiatives. Projects and expenditures rely on the private sector's ability to obtain funding as well as the Agency's ability to maintain and increase tax increment revenues. If the Agency's revenues are depleted because of new requirements imposed by the State, it is unlikely that all the projects listed below will be implemented. a. Listing/Definition The projects, programs and expenditures listed below are based on the availability of funding from existing fund balances, bond proceeds, and estimated future tax increment revenues not previously committed to existing financial obligations. The following proposed projects, programs and the corresponding expenditures over the five-year period will satisfy the Goals and Objectives of this Implementation Plan and the elimination of blighting conditions. They are listed in pdodty order as recently determined by the Agency. Financial resources are expected to be insufficient to complete implementation within the five-year time period. Economic Development Proqram ($4.375.750) Developer/Property Owner Assistance Program. This program supports revitalization of the City's historic Old Town and adjacent areas within the Town Center ' Project Area. The type of assistance will vary depending on the needs of individual projects. The type of assistance may include, but will not be limited to land assembly for resale to private developers, land preparation, off-site improvements, fee payments, design and engineering assistance, development loans (for those costs allowed by law), and development of parking. Owner Assistance/Commercial Rehabilitation Program. This program consists of financial assistance in the form of loans and/or grants for seismic retrofitting, historic preservation, building and safety code compliance, building renovation and facade improvements. Business Assistance and Outreach Program. This program is designed to support the retention of existing business and attraction of new businesses. Expenditures would include but may not be limited to the following such items: brochures, marketing materials, and support for Economic Development Council activities. Community Service Facilities Proqram ($1,045,000) Columbus - Tustin Park Project. The Agency proposes to provide additional improvements necessary for the completion of the Columbus-Tustin Park renovation. Peppertree Park Renovation Project. The Agency proposes to provide funding for the improvement of the existing facilities of the Peppertree Park and the construction of new restroom facilities. · Community Services Facilities Program. The Agency proposes-to conduct an improvement program for the City's Senior Center. Traffic. Utilities and Flood Control Facilities Proqram ($329,200) · Traffic Signalization Project. The Agency plans to install traffic signals at the corner of 1st Street and B Street. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects Implementation Plan (fiscal years 1995-96 through 1999-2000) Holt Avenue/State Route 55 Storm Drain Project. The Agency plans to fund improvements to the storm drains between Holt Avenue and State Route 55. Traffic Control Facilities Program. in addition to the traffic control, project listed above, the Agency proposes to conduct a General Lighting Improvement Program that will improve existing street lighting, a traffic signalization project, a left turn phasing project and a traffic sign project within the Town Center Project Area. · Street Improvement Program. The Agency has additional street improvement projects that it proposes to undertake in the Town Center Project Area. They include, general street widening program, Main Street banner pole project, Irvine Blvd.. restriping project, Irvine Blvd. intersection improvement project, Newport Ave. rehabilitation program from San Juan Street to El Camino Real, Main Street rehabilitation program, and Prospect Avenue rehabilitation. , . · Utilities Improvement Program. The Agency proposes to complete the undergrounding of utilities located in the City's historic area. b. Relationship to Blight .. The following is a list of the major blighting characteristics found in the Town .Center Redevelopment Project Area and how proposed Agency activities will reduce the prevalence of these blighting characteristics. Deterioration, Age and Obsolescence. Although both Agency assisted and private sector redevelopment activities have made major contributions to an improvement in the building stock of the Project Area, several buildings and shopping centers characterized by age, obsolescence and deterioration remain. This portion of the building stock does not appear to meet the changing needs of the commercial/retail sector and are no 'longer economically competitive in today's markets. The Economic Development Program is being undertaken to correct these conditions and eliminate this blighting influence. The Existence of Inadequate Public Improvements and Utilities Which Cannot be' Remedied by Private or Governmental Action Without Redevelopment. Although the Agency has undertaken an extensive public improvement program within the Project Area which has corrected several deficiencies, targeted areas in need of public improvement upgrades or new construction remain. Both public parks serving the surrounding community are in need of upgrades and renovation, and traffic control and circulation measures are needed to alleviate peak hour congestion. The Agency wishes to maintain its level of commitment to improving the public infrastructure serving the area .by continuing the Community Service Facilities Program and the Traffic Utilities and Flood Control Facilities Program. A Prevalence of Depreciated Values, Impaired Investments, and Economic Maladjustment. The Town Center Project Area exhibits problems such as lack of parking, deteriorating conditions, outdated building conditions, declining property values, and a lack of investment. These conditions have slowly improved because of past redevelopment activity, but still remain. All three of the Programs proposed under this Implementation Plan will address these blighting conditions. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects Implementation Plan (fiscal years 1995-96 through 1999-2000) · 5. Blight Relationship Table Achievement of-the Implementation Plan Goals and Objectives, and implementation of the projects, programs, and expenditures outlined in this Plan will assist in eliminating blight within the Town Center Project Area. Table 5 illustrates the relationship between the Goals and Objectives of the Implementation Plan, projects, programs and expenditures of the Implementation Plan, and the blight which will be eliminated. Private sector activities will additionally contribute to the removal of blight within the Project Area and the revitalization of the Town Center Project Area. B. South/Central 1. Focus With the exception of housing activities, the Agency intends to concentrate its redevelopment effort to allow for full funding to implement the Pacific Center East Specific Plan in the Amendment Area and to alleviate traffic congestion throughout the Project Area. The redevelopment of the Amendment Area is guided by the Pacific Center East Specific Plan adopted by the Tustin City Council in December 1990 and amended in May of 1994. The Specific Plan is the primary device for implementing the land use provisions of the Redevelopment Plan for the South/Central Redevelopment Project. While concentrating efforts within the Pacific Center East Specific Plan area, the Agency also wishes to continue its public improvement program in the remainder of the Project Area by implementing traffic control projects to correct deficiencies in vehicular circulation. 2. Blight Definition The Community Redevelopment Law Provides the legal definition of blight. The definition of blight as contained in the CRL at the time the Redevelopment Plan for the South/Central Redevelopment Project was adopted addressed the health and safety conditions of buildings and the factors that characterized economic dislocation, deterioration, or disuse. Briefly, a blighted area is one that contains specific conditions and factors resulting in the lack of proper utilization of the area that constituted a serious burden on the community and that could not be expected to be alleviated by 'private enterprise acting alone. The specific blighting conditions and factors are discussed below. 3. Implementation Plan Goals and Objectives a. Listing/Definition For the South/central Redevelopment Project Area, the Goals and Objectives ("Goals and Objectives") of the Implementation Plan are to: · Facilitate development to create local job opportunities and to preserve the City's employment base. · Provide assistance to the private sector through the construction of circulation improvements designed to facilitate access to underutilized sites. Upgrade substandard public infrastructure systems and public facilities, and provide fo~ the installation and construction of new public improvements to meet the requirements of existing and new development in the Project Area. · Provide direct assistance for the development of new commercial uses. · Provide for an integrated business park enviro, nment which capitalizes on market opportunities and which is compatible with adjacent developed land uses. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects Implementation Plan (fiscal years 1995-96 through 1999-2000) Table 5 Tustin Community Redevelopment Agency Town Center Redevelopment Project Five-Year implementation'Plan: 1995-96 through 1999-2000 GOALS AND OBJECTIVES AND PROGRAM LINK TO ELIMINATION OF BLIGHTING CONDITIONS: TOWN CENTER REDEVELOPMENT PROJECT Goals and. Objectives Deterioration Inadequate Public Age and Improvements Obsolescence and Utilities Depreciated Values,. Impaired Investments, and Economic Maladjustment Provide business assistance for rehabilitation, expansion, and retention to existing and new businesses in the Town Center Redevelopment Project Area. Rehabilitate substandard and deteriorative structures to improve building conditions, increase functionality and desirability, and to integrate design characteristics with the aim of creating a cohesive commercial district. Upgrade substandard public infrastructure systems and public facilities, a~d provide for the intallation and construction of new public improvements to meet the needs of the Project Area. Provide direct assistance for the development of new commercial uses. Program Economic Development Program v" Community Service Facilities Program Traffic, Utilities and Flood Control Facilities Program , 3235.tus 111794/sc b. Relationship to Blight. The above Goals and Objectives represent the Agency's near term direction to continue the elimination of blight by providing support to the industrial sector of the South/Central Project Area, thus expanding the industrial base of the City and increasing employment opportunities. Specifically, these Goal§ and Objectives will help to facilitate private sector development by assisting in the construction of public improvements. Goals and Objectives to provide assistance to existing businesses, new businesses, and new development will help to foster new economic growth and correct conditions of depreciated values, impaired investments and economic maladjustment by returning the land to proper utilization. 4. Five-Year Projects and Programs The CRL requires a five-year implementation plan regardless of economic conditions during the five-year period. It should, therefore be understood that the funding of the following projects are greatly influenced by economic conditions and the ability of the private sector to respond to Agency initiatives. Projects and expenditures rely on the private sector's ability to obtain funding as well as the Agency's ability to maintain and increase tax increment' revenues. If the Agency's revenues are depleted because of new requirements imposed by the State, it is unlikely that all the projects listed below will be implemented. a. Listing/Definition The projects, programs and expenditures listed below are based on the availability of funding from existing fund balances, bond proceeds, and estimated future tax increment revenues not previously committed to existing financial obligations. The following proposed projects, programs and the · corresponding expenditures over the five-year period will satisfy the Goals and Objectives of this Implementation Plan and the elimination of blighting conditions. They are listed in priority order as recently determined by the Agency. Financial resources are expected to be insufficient to complete implementation within the five-year time period. Street Improvement Pr°oram ($17,341,223) State Route 55 Ramp Construction Project. The Agency and the property owners/developer of the Pacific Center East propose to provide funding for the project study report, the environmental study, plans, engineering and construction for the new ramp from State Route 55 at Newport Avenue. in addition, the Agency proposes to provide funding for the project study report, the environmental study, plans, right of way acquisition, engineering and construction for the closure of the State Route 55 Ramp at Edinger Street. The total cost of the project will be split between the Agency and the owner/developers of the Pacific Center East. State Route 55/Del Arno Avenue Improvement Project. This program is to be completed in coordination with the construction of the new on/off ramp at Newport Avenue. The expenses of this project are to be shared between, the Agency and property owners/developers of the Pacific Center East. Newport Avenue North Extension Project. The Agency .proposes to implement this project in an attempt to address the major traffic and circulation improvements that are needed in the South/Central Project Area. The project is expected to extend Newport Avenue from its existing terminus south to Edinger Avenue and includes a necessary grade separation over the railroad tracks and flood control wash. This project will be undertaken in coordination with the developers/and property owners of the Pacific Center East area. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects Implementation Plan (fiscal years 1995-96 through 1999-2000) Newport Avenue South Extension Project. The City's transportation' network serving both the Southern~ portion of the City as well as the commercial core in Old Town are currently impacted by traffic congestion. To address this situation the Agency proposes a second phase of Newport Avenue extension for the extension.of Newport Avenue south to Valencia Avenue. Costs for this project would'be shared between the Agency and the private land owners in the Pacific Center East area. Red Hill Avenue Grade Separation Project. This project will create a grade separation at Red Hill Avenue and the AT & SF railroad tracks. Housing Rehabilitation Street lmprov, ement Program. Through a private/Agency effort, the Agency proposes to provide street improvements coordinated with the housing rehabilitation programs. The Agency proposes to assist in this program through, among other 'things, funding for off-site improvements including alley pavement and public right of way improvements. Valencia Avenue Improvement Project. The Agency proposes to fund the preliminary engineering and environmental assessment of the widening and associated pavement improvements on Valencia Avenue from Newport Avenue to Red Hill Avenue. Red Hill Avenue Improvement Project. This project will fund the preliminary engineering and environmental assessment of the widening and pavement improvements on Red Hill Avenue from Valencia Avenue to Edinger Avenue. Mitchell Avenue Improvement Project. This rehabilitation program proposes to prepare engineering studies and to design the pavement and right of way improvements needed on Mitchell Avenue between Newport Avenue and Nisson Road. Newport Avenue Rehabilitation Program. This rehabilitation program proposes to fund the preliminary engineering and construction of road improvements needed on Newport Avenue from Sycamore Avenue to McFadden Avenue. C Street Reconstruction Project. The Agency proposes to fund the reconstruction of C Street north of Mitchell Avenue. Mitchell Avenue Widening Project. This project proposes to fund the preliminary engineering and design of the widening and associated pavement improvements on Mitchell Avenue from B street to Newport Avenue. San Juan Street Widening Project. The Agency proposes to fund the widening and pavement improvements associated with street reconstruction on San Juan Street from Newport Avenue to Orange Avenue. · McFadden Avenue Rehabilitation Project. The Agency proposes to fund the rehabilitation of McFadden Avenue from State Route 55 to Newport Avenue. Economic Development Program ($1,101,000) Developer/Property Owner Assistance Program. This program proposes to support development and revitalization within the South/Central Project Area. The type of assistance would vary depending on the needs of each individual project. The type of assistance would include, but may not be limited to: land assembly for sale to private developers, land preparation, rehabilitation costs, off-site improvements, fee' payments, design and engineering assistance, development loans, and development of parking. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects 10 Implementation Plan (fiscal years 1995-96 through 1999-2000) .o Business Assistance and Outreach Program. This program is designed to support the retention of existing business and attraction of new businesses. Expenditures include but would not be limited to such items as brochures, marketing materials, and support for Economic Development Council activities. Recreational Facilities Proqram ($2,000,000) · This program would provide recreational facilities for elementary and middle school age children, young adults and/or families. Traffic Control Facilities Program ($213,400) General Lighting Improvement Program. This program would provide lighting improvements in portions of the Project Area. This program is intended to upgrade the existing lighting and provide for added security in the area. Alley Improvement Program. Pavement improvements are proposed for the following alleys: south of Walnut between Newport Avenue and Orange Avenue; south of San Juan Street between Newport Avenue and Orange Avenue; and south of Bonita Avenue between Newport and Orange Avenues. · Traffic Signalization Project. The Agency plans to install traffic signals at the corner of McFadden Street and Walnut Avenue. Flood Control Facilities Proqram ($56,200) be · Sycamore Avenue Storm Drain Improvement Project. the storm drain along Sycamore Avenue. Relationship to Blight Drainage improvements to The following is a list of the major blighting characteristics found in the South/Central Project Area and how proposed Agency activities will reduce the prevalence of these blighting characteristics. The Existence of Inadequate Public Improvements and Utilities Which Cannot be Remedied by Private or Governmental Action Without Redevelopment. Access between the northern portion and the southern portion (essentially the 1985 Amendment Area) of the South area of the South/Central Project Area is restricted because of the lack of through streets. Redhill Avenue acts as the only north-south access route but does not provide direct access into Tustin's central area. In addition, further development within the Pacific Center East Specific Plan Area is restricted because of a lack of necessary public improvements, particularly circulation improvements needed to provide access to various sites. The Agency intends to facilitate development within this area and to eliminate the lack of proper utilization and prevalence of vacant sites within this area through the Street Improvement Program, Traffic Control Facilities Program and Flood Control Facilities Program. A Prevalence of Depreciated Values, Impaired Investments, and Economic Maladjustment. The underutilization of the land within the Amendment Area will continue unless action is taken to facilitate private development. The Amendment Area suffers from a lack of proper utilization because of an inadequate infrastructure system. Extraordinarily high costs are required to correct deficiencies, notably circulation deficiencies. Without these improvements, the land becomes underutilized and a burden on the community. The Agency is proposing to contribute to the construction of off-site circulation system improvements (particularly the extension of Newport Avenue Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects 11 Implementation Plan (fiscal years 1995-96 through 1999-2000) to provide access to the area), freeway ramp improvements, and street improvements through the Programs cited above. The Agency is also proposing the Economic Development Program to foster economic vitality. 5. Blight Relationship Table Achievement of the Implementation Plan Goals and Objectives, and implementation of the projects, programs, and expenditures outlined in this Plan will assist in eliminating blight within the South/Central Project Area. Table 6 illustrates the relationship between the Goals and Objectives of the Implementation Plan, projects, programs and expenditures of the Implementation Plan, and the blight which will be eliminated. Private sector activities will additionally contribute to the removal of blight within the Project Area and the revitalization of both the South/Central Project Area. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects 12 Implementation Plan (fiscal years 1995-96 through 1999-2000) Table 6 Tustin Community Redevelopment Agency South / Central Redevelopment Project Five-Year Implementation Plan:. 1995-96 through 1999-2000 GOALS AND OBJECTIVES AND PROGRAM LINK TO ELIMINATION OF BLIGHTING CONDITIONS: SOUTH/CENTRAL REDEVELOPMENT PROJECT Goals and Objectives Inadequate Public Improvements and Utilities Depreciated Values, Impaired Investments and Economic Maladjustment Facilitate development to create job opportunities and to preserve the City's employment base. , Provide assistance to the private sector through the construction of v/ ~,' circulation improvements designed to facilitate access to underutilized sites. Upgrade substandard public infrastructure systems and public ~ v/' facilities, and provide for the installation and construction of new public improvements to meet the requirements of existing and new development in the Project Area. ProVide direct assistance for the development of new commercial uses. Provide for an integrated business park environment which capitalizes on market opportunities and which is compatible with adjacent land uses. Program Street Improvement Program Economic Development Program Traffic Control Facilities Program Flood Control Facilities Program 6235.tus 111794/sc FIVE YEAR IMPLEMENTATION PLAN FOR HOUSING ACTIVITIES IV. FIVE YEAR IMPLEMENTATION PLAN FOR HOUSING ACTIVITIES A. Requirements This housing component of the Implementation Plan for the Town Center and South/Central Redevelopment ProjeCts is the complement of the redevelopment component. The Implementation Plan sets forth the Tustin Redevelopment Agency's goals and objectives, projects and expenditures for the Projects over the five-year period commencing in July, 1995. Much of the information presented in this housing component of the Plan, including the components of the Agency's Housing Program, are based, on the contents of the CITY OF TUSTIN COMPREHENSIVE AFFORDABLE HOUSING STRATEGY (the "Strategy") which was adopted by the City of Tustin and the Agency in November of 1993. The Comprehensive Affordable Housing Strategy remains the primary policy document to be used by the City and the Agency to meet its housing responsibilities. This housing component of the Implementation Plan presents the Agency's intended program to deal with the expenditure of funds and other activities relating to the production of housing affordable to persons and families of Iow and moderate ("low-mod") income. Low-mod income includes the following income levels: · moderate income, which is defined as household income of 80% to 120% of median income for the applicable household size; · Iow income, which is defined as income of 50% to 80% of median income for the applicable household size; and · very iow income, which is defined as income less than 50% of median income of the applicable household size. B. Set-Aside of Tax Increment 1. Requirements for South/Central Redevelopment Plan Because the Redevelopment Plan for the South/Central Redevelopment was adopted after January 1, 1977, the provisions of Section 33334.2 regarding the set-aside of twenty, percent (20%) of Project tax increment for Iow-mod .housing purposes apply. The set-aside is required to be deposited into a Housing Fund created to hold the moneys until expended. The Section enables the elimination or reduction of an annual housing deposit if the Agency makes findings regarding the lack of need for Iow-mod housing in Tustin or the sufficiency of less than twenty percent of the Project Area's tax increment to meet the need that does exist. Any such reduction would render money not deposited into the Housing Fund available for other redevelopment purposes. Also, pursuant to other provisions of the CRL, the required deposits may be made by diverting money from one to another of the Agency's redevelopment Project Areas. 2. Requirements for Town Center Redevelopment Plan The adoption of the Redevelopment Plan for the Town Center Redevelopment Project predates the original requirement that agencies set aside 20% of tax increment for iow-mod housing but the Project is subject to Section 33334.6, which applied the set-aside requirement to pre-1977 projects. The requirement for the Town Center Project provides the same options for reducing or eliminating the set-aside in a given year as are diScussed above and adds one more. If a project has obligations that were incurred prior to the set-aside requirement the agency can defer the annual set-aside as necessary to meet its earlier obligations. The obligations were to be identified on a Statement adopted by resolution of the Agency prior to September 1, 1986. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects 13 Implementation Plan (fiscal years 1995-96 through '1999-2000) The Agency adopted such a statement for obligations of the Town Center ProjeCt and in subsequent years deferred the deposit of approximately 2.8 million dollars into the Housing Fund. Under the provisions of the CRL, an agency that defers any portion of a deposit or deposits into the Housing Fund must adopt a plan for the elimination of the deficit caused by the deferral. The Agency has adopted such a plan and · will begin to make deposits into the Housing Fund for the Town Center Project during the 1996-97 fiscal year. These deposits are included in the cash flow of the Housing Fund presented later. Except for the deferral of deposits for the Town Center Project, the Agency has not availed itself of any of the options for eliminating, reducing or using another project's resources to meet the Iow-mod housing set-aside requirement and does not currently anticipate that it will exercise any of these options over the term of this Implementation Plan. The projections of deposits into the Housing Fund that are included in following sections assume that the 20% set-aside will be deposited into the' Housing Fund in each of the years covered by this Plan. 3. Net Housing Set-Aside Available: Town Center and South/Central Shown on the attached Tables 7a and 7b are the estimated beginning balances in the Housing Fund and the projected deposits into the Housing Fund for the South/Central and Town Center Projects, respectively. The projected deposits into the fund are based on the revenue, estimates included as part of the Strategy. Using these estimates and actual starting balances, as of June 30, 1994, for the Housing Funds, the following amounts of available funds for the Agency's Housing Program were determined, all as shown on Tables 7a and 7b. No other resources are assumed to be used in any significant amount to accomplish the goals and objectives of this Plan. Summary of Funds Available Over the Plan Term South/Central Town Center Beginning Balance as of 6/30/94 $1,661,000 $1,042,000 Estimated Deposits 2,172,000 .4,402,000 Estimated Investment Earnings 144,000 151,000 Total Available $3,977,000 $5,595,000 The Housing Set-Aside revenue shown on Tables 7a and 7b was estimated based on 20 percent of estimated tax increment revenue for the Project Area. The amounts shown on the Tables are estimates, actual tax increment revenues and resulting Housing Set-Aside revenues could be more or less than the amounts shown on the Tables. Deposits into the Town Center Housing Fund include payments made from "non-housing" tax increment pursuant the Agency's adopted deficit elimination plan as .discussed above. 4. The Housing Program and Housing Fund Expenditures A description of the projects and programs comprising.the Agency's housing activities and the time frame for each is discussed below. · First-Time Homebuyers Program. This program is comprised of three major components: Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects 14 Implementation Plan (fiscal years 1995-96 through 1999-2000) Table 7a Tustin Community Redevelopment Agency South Central Redevelopment Project Area ILLUSTRATIVE PROJECT CASH FLOW- HOUSING PROGRAM (O00's Omitted) Resources I 1994-95 Beginning Balance $3,216 Housing Set Aside 406 Investment Earnings 96 Total Resources $3,718 Existing Obligations Renaissance Affordability and Downpayment Assistance 463 Renaissance Right of Way Acquisition 591 Total Existing Obligations Cumulative Net Deposits (not including the Beginning Balance) (1) Expenditures First-Time Homebuyers. Program Preservation of Existing' Affordable Units Rehabilitation of Existing Housing Stock Administration Expenses (2) Total Expenditures ESTIMATED EXCESS SURPLUS Balance Available (4) Total of prior four fiscal year's Housing Set Aside Deposits / Or $1.0 Million (5) Plan Period 1995-96 1 ~o96-97 1997-98 1 ~°98-99 1999-00 $1,661 $1,019 S990 $838 $283 415 425 434 444 454 50 31 30 25 8 $2,125 $1,475 S1,454 $1,307 $746 0 0 0 0 0 0 0 0 0 0 1,054 0 0 0 0 0 S502 $967 $1,422 $1,886 $2,355 $2,818 0 35 0 35 0 35 0 5O0 0 0 0 0 903 466 375 466 903 466 100 105 110 115 121 127 $1,003 $1,106 $485 - S616 $1,024 $628 1,661 1,019 990 638 283 118 1,754 1,756 1,722 1,679 1,718 1,757 Excess Su~lus $0 $0 $0 SO $0 $0 (1) Equals cumulative deposits of Housing Set Aside Monies, including interest. (2) As shown on the CITY OF TUSTIN COMPREHENSIVE AFFORDABLE HOUSING STRATEGY for the South Central Redevelopment Project Ares. (3) As estimated by Katz Hollis. (4) Reflects total resources less total obligati3~ and total expenditures. (5) Amount shown is the greater of the prior fmjr year's housing deposits or $1.0 million, whichever is greater. Please note that this calculation is based on the balance available as of fiscal year ending June 30, 1995, therefore prior year deposits are 1991-92 through 1994-95. HOUS_CF. XLS 11/29/94_kh Table 7b Tustin Community Redevelopment Agency Town Center Redevelopment Project Area ILLUSTRATIVE PROJECT CASH FLOW - HOUSING PROGRAM (ooo's Omitted) Resources I 199,~-95 Beginning Balance $1,036 Housing Set Aside 457 Investment Earnings 31 Deficit Reduction Payment Total Resources $1,524 Existing Obligations Preservation of Tustin Gardens Total Existing Obligations Cumulative Net Deposits (not including the Beginning Balance) (1) Expenditures First-Time Homebuyers Program New Housing Construction Rehabilitation of Existing Housing Sto¢ Support and Ancillary Services Administration Expenses (2) Total Expenditures ESTIMATED EXCESS SURPLUS f3) Balance Available (4) Total of prior four fiscal year's Housing Set Aside Deposits / Or $1.0 Million (5) Plan Period I 1995-96 1996-97 1 ~)97-98 1998-99 1999--00 $1,042 $1,233 $437 S870 $1,470 460 469 480 491 502 31 37 13 26' 44 500 500 500 500 $1,533 $2,239 $1,430 $1,887 $2,516 275 0 0 0 0 0 275 0 0 0 0 0 $488 $979 $1,485 $1,978 $2,495 $3,041 100 35 200 135 300 335 0 155 0 310 0 279 0 0 1,490 0 0 1,782 60 60 60 60 60 60 47 50 52 55 57 60 $207 $300 $1,802 $560 $417 $2,516 $1,042 $1,233 $437 $870 $1,470 SO 1,375 1,835 1,843 1,866 1,900 1,942 Excess Surplus $0 $0 $0 S0 SO $0 (1) Equals cumulative deposes of Housing Set Aside Monies, including interest. (2) As shown in the CITY OF TUSTIN COMPREHENSIVE AFFORDABLE HOUSING STRATEGY for the Town Center Redevelopment Project Area. (3) As estimated by Katz Hollis. (4) Reflects total resources less total obligations and total expenditures. (5) Amount shown is the greater of the prior four year"s housing deposits or $1.0 million, whichever is greater. Please note that this calculation is based on the balance available as of fiscal year ending June 30, 1995, therefore prior year deposits are 1991-92 through 1994-95. HOUS_CF. XLS 11/29/94_kh Mortgage Credit Certificate (MCC) Program. Both Projects will provide support for the MCC Program, which is administered by the County of Orange and provides federal income tax credits as a form of assistance to homebuyers. The Projects will be responsible for the provision of reserve accounts that assure the program will be utilized and for an allocation of the administrative costs of the program. First-Time Homebuyer Downpayment Assistance Program. In the Town Center Project, the Downpayment Assistance Program effort consists of providing a portion of the downpayment necessary to qualify for a home purchase and will also refer potential homebuyers to banks and other lenders that offer below market downpayment requirements to qualified buyers. First-Time Homebuyer Second Mortgage Program. The Town Center Project will be involved in the Second Mortgage Program, which consists of the provision of deferred or minimal payment second mortgages that reduce the overall mortgage cost of a home to levels supportable by Iow-mod buyers. Preservation of Existing Affordable Units. Each Project Area is the.site of a federally,assisted housing development that is near to, or has reached, the termination . of its affordability restrictions. Preservation of these units as affordable housing for Iow-mod households is the intent of this component of the Housing Program. Preservation for the Tustin Gardens Apartments. Expenditures to accomplish preservation of the affordability of the Tustin Gardens Apartments in the Town Center Project are on-going and expected to be completed before the term of this Implementation Plan commences. Preservation of Orange Gardens Apartments. Preservation of the affordability of the Orange Gardens Apartments using funds from the South/Central Housing Fund has been delayed and will be part of the activities undertaken during the term of this Plan. Rehabilitation of Existing Housing Stock. The rehabilitation component of the Agency's Housing Program seeks to increase homeownership opportunities, balance the income mix by increasing the number of moderate income households, and improve 'the hosing stock while preserving affordability for existing low income residents. Owner-Occupied Rehabilitation Loans & Grants. The Agency proposes to provide rehabilitation loans and grants for owner-occupied single-family properties within the South Central Project for households at or below 120% of median income, adjusted for household size. 2-4 Unit. Rehabilitation and Resale. The South Central Project Area contains a number of smaller apartment projects containing two to four units each. This rehabilitation effort consists of acquisition of multi-family properties' and their conversion to ownership housing. Rental Rehabilitation Loans and Grants. This program gives loans and grants to owners of rental properties in the South Central Project whose occupants qualify as persons of iow-mod income as incentives to improve their properties and will be Tustin Community RedeVelopment Agency Implementation Plan Town Center and South/Central Redevelopment Projects 15 (fisca '! years 1995-96 through 1999-2000) accompanied by City code enforcement activities to ensure that substandard units are brought into compliance with City codes. 2-4 Unit Rehabilitation and Rental. The Agency proposes the use of this program for the acquisition and substantial-rehab of existing rental units then reselling the units under restrictions as to their occupancy as Iow-mod units within the South Central Project. Rental New Construction or Substantial Rehabilitation. The Agency proposes the use of this program in the Town Center Project for loans and grants to the owners of rental properties whose occupants qualify as persons of Iow-mod income. The funds will be used for new construction or substantial rehab of existing rental, units. New Housing Construction. The Agency intends to use the assistance techniques diScussed under the First-Time Homebuyers Program as an incentive to deyelopers to build units for a readily available market of homebuyers in this New Housing Construction Program. Owner New Construction Townhome$. The assistance, to be provided from the Town Center Housing Fund, would be in return for covenants that restrict the sale of the units to qualified iow-mod persons for at least the minimum amount of time required by law. Similar type assistance would be provided to the developers of rental housing. Deferred or minimum payment second mortgages that reduce the cost of developing the housing would be made available in exchange for covenants to maintain the affordability of the new units within the Iow-mod category. The Agency can also assist the development of new owner and rental housing through its typical activities of site assemblage and resale to developers. Support and Ancillary Services. The Support and Ancillary Services will provide assistance to those who might otherwise become homeless. This component of the Housing Program will be undertaken with funding from the Town Center Housing Fund and includes the following: Emergency Rome Mortgage Assistance. This program is generally in the form of low interest loans or restructuring of existing mortgage paYments, for homeowners whose homes are in danger of foreclosure because of financial circumstances outside of their control. Emergency Rental Assistance. Comparable programs for renters provide financial assistance to tenants at risk of eviction for similar reasons. Administrative Expenditures: in the course of implementing the housing program, administrative costs will be incurred. Such e:~penditures include salaries, overhead, consultant and legal expenses, supplies, etc. Actual administrative expenditures must be determined each year and found to be necessary to implement the housing program. For the 1994-95 fiscal year, the Agency anticipates the expen~liture of approximately $50,000 of Housing Fund moneys in the Town Center Project on administrative costs. The corresponding number for the South/Central Project is $105,000. The Housing Program cash flow includes estimates of future years' Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects 16 Implementation Plan (fiscal years 1995-96 through 1999-2000) administrative expenditures based on the 1994-95 amount adjusted for inflation of approximately five percent per year. Tables 8a and 8b provide an illustrative example of how the housing program could be financed on an annual basis over the fiVe-year period. The cash flow provided on the table is meant to provide an indication of the financing of the Housing Program and of the estimated expenditures to be made from the Housing Fund during each of the five years of the Implementation Plan. The timing and specific amounts of the expenditures may be adjusted over time. Specific decisions on each of these items will be made as part of the Agency's annual budget process. Given the successful implementation of the HoUsing Program, the annual distribution of the units to be assisted and estimates of the expenditures of moneys for each program is provided on. Tables 8a and 8b. The timing of expenditures and the amounts of units assisted are both as identified in the Strategy. 5. Proportional Expenditure for Low and Very Low Income Housing [Section 33334.4] The Projects are subject to the CRL mandate that the Agency have a policy of expending moneys in the Housing Fund in proportion to the unmet need for housing for persons and families of Iow and very Iow income. Based on the Comprehensive Affordable Housing Strategy, the following are the allocations for the City of Tustin for the categories of very Iow, Iow and moderate income. City of Tustin Fair Share Housing Allocation Income Units Percent Very Low 414 20 % Low 365 18 % Subtotal 779 38 % Moderate 1.301 63 % Total 2,080 100 % Source: Tustin Affordable Housing Strategy It is the policy of the Agency to spend 38 percent of the Project Areas' Housing Fund · money on housing for persons of very Iow and Iow income and 63 percent on moderate income housing. While the Agency intends to spend the above percentage of its Housing Fund on housing for persons of low and very Iow income, the target is intended to be met over the life of the redevelopment project and not strictly on an annual 'basis. In some years, more or less moneys may be spent on housing for persons with Iow and very iow income, depending on housing opportunities, market conditions and other restricting factors. The Agency will monitor its expenditures of Housing Fund money in order to comply with legal requirements over the life of the Project.' C. Residential Units to be Developed in Projects Both of the Agency's Project Areas were adopted after January 1, 1976. As a result, housing development in the Projects is subject to the housing production requirements of Section 33413 (b). These requirements mandate that certain percentages of all housing developed in the Projects be affordable to iow- mod persons and families. Tustin Community Redevelopment Agency Town Center and South/Central Redevelopment Projects 17' Implementation Plan (fiscal years 1995-96 through 1999-2000) Table 8a Tustin Community Redevelopment Agency South Central Redevelopment Proiect Area E~;TIMATE OF AGENCY ASSISTED HOUSING UNITS First-Time Homebuyers Program Mortgage Credit Certification Program Total Units Total Expenditures Subtotal Preservation of Existing Affordable Units Preservation of Orange Gardens Apartments Total Units Total Expenditures Subtotal Rehabilitation of Existing Housing Stocl~ Owner-Occupied Rehabilitation Loans & Grants Total Units Total Expenditures Plan Period .1 ?~o5-96 1996-9~ 1 ~7-98 1 ~o~8-99 1 .o99-00 111 0 111 0 111 333 $35,000 $0 $35.000 $0 $35,000 $105.000 $35,000 $0 $35,000 $0 $35,0O0 0 160 0 0 0 $0 $500,000 $0 $500,000 $0 $0 $0 $105,0O0 160 $500,0O0 5 5 5 5 5 25 $75,000 $75,000 $75,000 $75,000 $75,000 $375,000 2-4 Unit Rehabilitation and Resale Total Units 8 0 8 0 8 Total Expenditures $91,000 $0 $91,000 $0 $91,000 Rental Rehabilitation Loans and Grants Total Units 20 20 20 20 20 Total Expenditures $300,000 $300,000 $300,000 $300,000 $300,000 2-4 Unit Rehabilitation and Rental Total Units 0 0 0 6 0 Total Expenditures $0 $0 $0 $528.000 $0 Subtotal 24 $273,000 lOO $1,500,0O0 6 $528,000 $466,000 $375,000 $466,000 $903,000 $466,000 $2,676,000 Total Number of New, Rehabilitated or Price-Restricted Units 144 185 144 31 144 648 (1) Reflects es'tJmates of units to be assisted utilizing Housing Set Aside funds as shown in the CiTY OF TUSTIN COMPREHENSIVE AFFORDABLE HOUSING STRATEGY. HOUS_CF.XLS 11,'29/94_kh APPENDIX A LOCATION OF REQUIRED REDEVELOPMENT ELEMENTS OF THE IMPLEMENTATION PLAN LOCATION IN REQUIREMENT IMPLEMENTATION PLAN 1) Specific Goals and Objectives of the Agency for the Project Area Pages 5 & 8 During the Next Five Years ...................................................................................................... 2) Specific Projects and Expenditures Proposed to be Made · Pages 6 & 9 During the Next Five Years ...................................................... 3) Explanation of How the Goa!s and Objectives, Projects and Expenditures will Eliminate Blight within the Project Area ............................................. Pages 5, 7, 9 & 11 6236.tus 112994/sc APPENDIX B REDEVELOPMENT LOW- AND MODERATE-INCOME HOUSING REQUIREMENTS An agency's major housing responsibilities fall under four broad categories including: li the set-aside of 20 percent of tax increment revenue for low and moderate income housing (Sections 3333,~.2 and 3333~,.6); 2) the creation of housing affordable to Iow and moderate income persons and families based on the production of all new and substantially rehabilitated dwelling units (Section 33413); 3) the replacement of low and moderate income dwelling units removed as a result of Agency activity (Section 33~,13); and ,~) the proportional expenditure from the 20 percent set-aside on housing for Iow and very Iow income persons based on community need (Section 33334.4). The following summarizes an agency's redevelopment housing resl~onsibilities. A. Housing Set-Aside Fund The Community Redevelopment Law (Section 33334.2) requires, for every redevelopment plan adopted or amended to add territory on or after January 1, 1977, no less than 20 percent of the tax increment received by the agency from a redevelopment project (or area added by amendment) be set aside for increasing, improving and preserving the community's supply of Iow and moderate income housing. The revenues may be expended inside or outside of a project area. if expended outside a project area, a resolution must be adopted stating outside expenditures are of benefit to the project area. The set-aside funds are to be held in a separate Low and Moderate Income Housing Fund until used. Any unexpended amount in the Low and Moderate Income Housing Fund that exceeds the greater of one million dollars or the aggregate amount deposited during the preceding four fiscal years (beginning in 1989'90) becomes excess surplus. For redevelopment plans adopted before January 1, 1977, the 20 percent set-aside is required beginning in the 1985-86 fiscal year. HOwever, an agency may reduce and defer its Iow an moderate income housing deposit requirement in any fiscal year if it finds that the reduction is necessary to make payments on "existing obligations" (i.e., indebtedness incurred prior to January 1, 1986), and for fiscal years through 1995-96 only to fund "public and private projects, programs or activities" approved by the agency prior to January 1, 1985 (Section 33334.6). If such a reduction is made, a Statement of Existing Programs, or a Statement of Existing O[:)ligations, or both must be adopted by September 1, 1986 and filed with the Department of Housing and Community Development. The 20 percent set-aside or a portion of it can be only. be deferred until July 1, 1996, at which time full deposits must be made. A deficit elimination plan must be prepared to outline the agency intentions on expending the amount equal to the difference between the required 20 percent tax increment set- aside and the actual amount deposited, if any, for each year a deposit was reduced. B. Housing ProductionJinclusionary Housing The Community Redeveloprn'ent Law (section 33413(b)) requires, for redevelopment plans adopted or amended to add territory on or after January 1, 1976, at least 30 percent of all new and substantially rehabilitated dwelling units developed by an agency be available at affordable housing costs to persons and families of Iow or moderate income. Not less than 50 percent .of those units (15 percent of th~ total) are required to be available and occupied by very iow income households. This requirement applies only to units developed by an agency directly. For other housing developed or substantially rehabilitated by public or private entities or persons' other than the agency, 15 percent must be affordable to persons and families of Iow or moderate income. Not less than 40 percent of those units (six percent of the total) must be affordable to very iow income households. These inclusionary housing requirements are not necessarily applicable to each individual housing development, but may be counted in the aggregate. The agency shall cause these required inclusionary housing units to be built inside or outside the redevelopment project area, but shall cause, for units developed or substantially rehabilitated by the private sector, two units outside a project area for each unit that otherwise would have had to be b. vailable inside a project area. 6236.tu$ 112994/sc · 1 ° C. Replacement Housing The Community Redevelopment Law (Section 33413(a)) requires, for redevelopment plans adopted or amended to add territory on or after January 1, 1976, that for all dwelling units housing persons and families of Iow and .moderate income which are destroyed or removed, from the Iow and moderate income housing market as part of a redevelopment p. roject (involving agency participation), the agency shall rehabilitate, develop or construct an equal number of replacement dwelling units with an equal number of bedrooms. The replacement units shall be constructed or rehabilitated within four years of their removal and can be replaced anywhere within the territorial jurisdiction of the agency. For units removed after September 1, 1989, 75 percent of the replacement units shall replace units available at affordable housing cost in the same income level as the persons displaced from those units. The agency has no replacement housing obligations for units removed by the private sector acting alone. Beginning January 1, 1996, for all Iow and moderate income housing unit removed as part of a redevelopment project, regardless of when the redevelopment plan was adopted, the agency is subject to the replacement housing requirement. Units can not be removed from the Iow and moderate income housing market until the agency has prepared a replacement housing plan which includes, among other requirements, the general location for replacement housing and an explanation of adequate means of financing the replacement units. D. Housing Expenditure' by Community Affordability Need The Community Redevelopment Law, in Section 33334.4, provides some targeting of the expenditures of moaeys in the Low and Moderate Income Housing Fund. It is the apparent intent of the Section that redevelopment agencies direct Housing Fund expenditures such that moneys are distributed in measurable proportion between that spent on moderate income housing and that' spent on iow and very iow income housing. The proportion is to be determined for each community on the basis of the unmet need for housing among the income categories. The law does not provide guidance as to how the unmet need is to be. determined. A reasonable basis appears to be the allocation of'housing need prepared by the applicable association or council of governments. Using this determination, a redevelopment agency is to have a policy that moneys from the Housing Fund are to be expended in a percentage that is not less than the allocated units or iow and very Iow income persons bears to the total of allocated units for Iow, very iow and moderated income persons. There is no requirement to achieve this proportion over any shorter period than the duration of the agency's activity in expending money from the Housing Fund. APPENDIX C LOCATION OF REQUIRED HOUSING ELEMENTS OF THE IMPLEMENTATION PLAN LOCATION IN REQUIREMENT IMPLEMENTATION PLAN 1) The Low and Moderate Income Housing Fund: a) The Amount Available in the Fund ........................................................................................... Page 21 b) Estimated Deposits Over the Next Five Years ........................................ , ....... : .............. Pages 21 &'22 c) Estimates of Units to be Assisted During Each of the Next Five Years ......................... Pages 23 & 24 d) Estimates of Expenditures During Each of the Five Years ............................................ Pages 23 & 24 e) Proportional Expenditure Based on Unmet Need .......................................................... Pages 19 & 20 2) Housing Productio.n Requirements: a) Estimated Units to be Developed or Purchased (Over Life of the Plan / Next Ten Years) .................................................................................. Page. 18 b) Estimates of Units of Low-Mod Housing Required Due to Privately Developed Housing (the 15 percent Requirement) ......................................... Pages 17 & 18 c) The Number of Units of Low-Mod Housing Which have been DevelOped Which .Meet the 15 percent Requirement ...................................................................... Pages 17 & 18 d) Estimates .of the Total Number of Agency Developed Units to be Developed in the Next Five Years ........................................................................ Pages 20 & 21 e) Estimates of the Number of Agency Developed Low-Mod Units During the Next Five Years ............................................................................................ Pages 20 & 21 6236.tus 112994/sc 1 P~ESOLIITION NO. RDA 94-16 !0 1t 12 13 14 !5 16 17 18 19 2O 21 22 23 24 25 26 27 28 'A RESOLUTION OF THE REDEVELOP~ENT AGENCY OF THE CITY OF TUSTIN, C~fLIFOR/qIA, APPROVING THE FIVE YEAR IMPLEMENTATION PLA~ FOR THE TOWN CENTER AND SOIYI/R CENTR~b REDEVE~LOPMENT PROJECT AREAS. The Redevelopment Agency finds and determines as follows: no That the City Council adopted the Town Center Redevelopment 'Plan on November 22, 1976 by Ordinance No. 701 and subsequently amended the Redevelopment Plan on September 8, 1981 by Ordinance No. 855, further amended the Redevelopment Plan on March 20, 1989 by Ordinance No. 1021 and further amended the Redevelopment Plan on November 21, 1994 by Ordinance No. 1141; B. That the City Council adopted the' South Central Redevelopment Plan on August !, 1983 by Ordinance No. 890 and subsequently amended the Redevelopment Plan on July 15, 1985 by Ordinance No. 939, and further amended the Redevelopment Plan on November 21, 1994 by · · .'-' .Ordinance No. 1142; .... -. . C.' "That Section 334'9'0(a) (i) (A) Of the Community Redevelopment Law requires the Agency to adopt a Five (5) Year Implementation-Plan, outlining specific programs, including potential projects and expenditures proposed by the Agency to be made during the next five 95) years; That Section 33490(a) (1) (B) the Community Redevelopment Law states that the adoption of an Implementation Plan is not a "prOject'' within the meaning of Section 21000 of the Public Resources Code and is not subject to environmental review. E . That a public hearing was.duly noticed, called and held by the Redevelopment Agency on December 5, 1994; II. NOW, THEREFORE, the Redevelopment Agency of the~ City of Tustin approves a Five (5) Year Implementation Plan for the Town Center and South CentrJl Redevelopment Project Areas. 1 2 3 4 5 'Resolution No. P~A =4-!6 Page 2 PD~SED AND ~ZDOPTED by the Redevelopment Agency of the City of Tustin at a regular meeting held on the--5th day of December, 1994. 9~~ C!~rk STATE OF CALIFORNIA ) !! COUNTY OF OR3INGE ) -CITY OF TUSTIN ) 12 13 15 16 17 18 19 · 2O 21 22 23 24 25 26 27 28 ~O~S R. S~A~EnnIo Redevelopment Chairperson SS CERTIFICATION FOR .P_DA RESOLUTION NO. 94-16 M~Y E. WYNN, City Clerk'and ex-off'icio Clerk of the. City Council of the City of Tustin, California, does hereby certify that the whole number of the members of'the Redevelopment Agency of the City of Tustin is five; that the above and foregoing R DA Resolution No. 94-16 was duly and regularly introduced, passed and adopted at a regular meeting of the Redevelopment Agency held on the 5th day of December, 1994, by the following vote: AGENCY MEMBER AYES: SALTkRELLI, POTTS, DOYLE, THOMAS, WORLEY AGENCY MEMBER NOES: NONE AGENCY MEMBER ABSTAINED: NONE AGENCY MEMBER ~SE-N~f: NONE _~. Wyr~n, City Clerk o 0 o o o o o 0 '0 0 o°OOc~ o o o